Housing Starts and Building Permits Exhibit New Found Strength

Housing Starts and Building Permits Exhibit New Found Strength

Total housing starts jumped 20.2% from March to April to hit an annualized pace of 1.14 million with single-family starts jumping by 16.7% to 733,000. Building permits rose 10.1% from March to April to reach 1.18 million. Of that figure, single-family permits accounted for 666,000 permits, an increase of 3.7% over March.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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